The Sources of Subordination: Workshop on Global South Financial Systems in Comparative Perspective

The aim of the workshop was to gather together experts working on the structure and dynamics of national financial systems of Global South countries (past and present) to examine the role of domestic financial systems in generating financial subordination and industrial dependency. We want to jointly consider an old question in light of new evidence and thinking: What role does domestic politics play in accounting for economic subordination in the Global South?

Using the institutional arrangement of domestic finance as an entry point, the workshop will enquire how domestic financial arrangements for funding the state, non-financial businesses and households are embedded in and produced by domestic political structures and productive structures alike, and how these financial structures calibrate international financial subordination in turn. How does our understanding of global economic subordination, both financial and “real”, change when we take the domestic financial system in the nations of the global south as our analytical entrypoint?

This workshop was a closed door convening organised by the New Political Economy Initiative and hosted the following scholars:

Participants

1. Aldo Madariaga, Universidad Diego Portales Santiago
2. Andrés Arauz, Ecuador
3. Anush Kapadia, New Political Economy Initiative, IIT Bombay
4. Arjun Jayadev, Azim Premji University
5. Ayca Zayim, Mount Holyoke College
6. Daniela Gabor, SOAS University of London
7. Devika Dutt, King’s College London
8. Ewa Karwowski, King’s College London
9. Fathima Musthaq, Reed College (Co-convenor)
10. Ilias Alami, Cambridge University
11. Ingrid Harvold Kvangraven, King’s College London
12. Jeff Powell, University of Greenwich
13. Juvaria Jafri, University of East Anglia
14. Kai Koddenbrock, Bard College Berlin
15. Lena Rethel, University of Wawrick
16. Natalya Naqvi, London School of Economics and Political Science
17. Patrick Bond, University of Johannesburg
18. Richard Kozul-Wright, SOAS University of London
19. Sonal Raghuvanshi, New Political Economy Initiative, IIT Bombay
20. Yaechen Lee, Hanyang University, Seoul